Aeroplate argued that the relevant FAR provision (274) mandates that as long as a bid guarantee
(bid bond) is proper on its face, the bidder has satisfied its requirements for the bid.
Simont argues that its bid was improperly rejected for lack of a bid guarantee
, and explains that it omitted the bid guarantee
in good faith based on its reading of the amended IFB.
In a sealed bid procurement which required the submission of a bid guarantee
in the amount of 20 percent of the bid price, agency properly rejected protester's bid as nonresponsive, where the bid included a bid guarantee
that stated that the penal sum amount was limited to 20 percent of the bid price, but the liability limit of the surety was limited to an amount that was significantly less than 20 percent of the bid price.
The Corps rejected Horizon's proposal on the ground that the firm's bid guarantee